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The coronavirus crunch will speed up the inevitable fintech market shakeout
Finance apps have seen a boom in downloads since the start of coronavirus lockdowns in Europe.The pandemic will likely result in consolidation among finance challengers, as stronger, well-funded...
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Airbnb's bridge too short
Hi everyone, welcome back to Trending, Business Insider Prime's weekly newsletter of the latest tech industry developments. I'm Alexei Oreskovic, Business Insider's West Coast bureau chief and global...
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Take a look at the pitch deck that a data-security startup used to raise $15...
Startups are struggling to raise cash, and many have had to scale back operations or close entirely. But some hot spots in the market remain. One of those is data-management startups. Collibra recently...
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Silicon Valley startups may get to tap into the $350 billion coronavirus...
Some startups may get loans from the $350 billion Small Business Administration program created by the new stimulus package. Late last week and over the weekend, the SBA and Treasury Department issued...
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How to figure out if your startup qualifies for coronavirus relief funding —...
Venture-backed startups could get very little of the $349 billion earmarked for small businesses struggling to keep workers and remain open during the coronavirus crisis. If another company or investor...
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Four coworkers got sick – one gravely ill – with COVID-19 after attending a...
Nir Polak, CEO of Exabeam, was on a mountain when he learned that four of his employees had contracted COVID-19 after returning from a huge cybersecurity conference. The news affected Exabeam...
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Secretive big data company Palantir expects $1 billion in revenue this year...
Palantir expects to generate $1 billion in revenue this year and to break even for the first time in its history, Bloomberg's Lizette Chapman first reported.Financial documents viewed by Bloomberg...
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Brex is letting its customers apply for federal small business loans during...
In a hosted webinar on Thursday, fintech startup Brex provided guidelines to startups hoping to apply for the federal government's Paycheck Protection Program.The small business loans are intended for...
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WeWork refused to let a startup move to a smaller office and pay less rent...
WeWork has refused to renegotiate a lease for a struggling startup that was forced to lay off 70% of its staff because of the coronavirus lockdown, a venture capitalist funding the startup said.The...
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Oyo, the former 'jewel' in SoftBank's startup portfolio, quietly fired 110...
SoftBank-backed Oyo fired 110 employees in the US citing their performance on April 1, Business Insider has confirmed. The company also put thousands more employees on paid leave to cut costs this...
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Consultants who try to help VCs salvage struggling startups say the...
Richard Couch and Martin Pichinson are in the business of figuring out what to do with distressed companies, particularly venture-backed startups that are in crisis or nearing their endgame.Both are...
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The race to find a coronavirus vaccine, startups to watch, and a real estate...
Hello!It's been a dark few weeks, but there's been some light in the past few days, as the number of patients in New York ICUs dropped for the first time since the coronavirus pandemic began, and there...
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Founders are turning to GoFundMe to stay afloat as venture capitalists back...
Founders all over the world are increasingly turning to crowdfunding platforms like GoFundMe to keep their startups alive. Widespread quarantines and business closures aimed at curbing the pandemic's...
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The 2008 financial crisis heralded giants like Uber and Airbnb. We asked top...
The market downturn and increased uncertainty surrounding the impact of the coronavirus pandemic has seen startup investors pull term sheets, slash valuations, and pull out of deals.Many startups are...
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Innovation Inc.: Introducing a new newsletter from Business Insider that goes...
Business Insider launched Innovation Inc. in January, a newsroom-wide effort to catalog the digital transformations under way at the world's largest and most prominent companies.While we have been...
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The rise and fall of Elizabeth Holmes, the Theranos founder awaiting trial on...
Elizabeth Holmes dropped out of Stanford University at 19 to start blood-testing startup Theranos, and grew the company to a valuation of $9 billion.But it all came crashing down when the shortcomings...
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Co-working spaces like WeWork are offering rent relief to retain tenants in...
In the wake of the coronavirus crisis, coworking space providers have seen their occupancy levels fall by about 10 to 15 percentage points on average, Tom Smith, a cofounder of real-estate marketplace...
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'Zero budget': A VC who bet on smart mobility startups like Lime and...
NGP Capital's managing partner Paul Asel says that the smart mobility industry has taken an especially harsh hit from the coronavirus, causing startup revenues to drop anywhere between 50% to 100%.As...
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'It's been a crazy month': How Portugal's startups rapidly deployed 30...
In just one month, Portugal's Tech4Covid19 has grown into a multi-level organization made up of more than 100 startups and over 5,000 volunteers. Portugal has stemmed the rise in COVID-19-related...
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Here are the billions of dollars in grants the federal government is offering...
There are many stories of innovation emerging during the coronavirus pandemic, like Cisco's use of 3D printing to make face shields for healthcare workers. The federal government is trying to enhance...
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